Insurance 12,000 4,800 16,000 Water and electricity Wages and salaries Rental income Interest income Prepaid insurance as at 1 Nov 2018 Accrued wages and salaries as at 1 Nov 2018 Accrued rental income as at 1 Nov 2018 9,900 6,000 1,500 2,000 1,800 The following adjustment were to be made on 31 October 2019: a) RM1,800 of wages and salaries was not paid b) Prepaid insurance amounted to RM1,000 c) RM500 of the interest income was not received d) RM900 of the rent income was for November 2019 e) Water and electricity bills for RM800 were not paid.

Insurance 12,000 4,800 16,000 Water and electricity Wages and salaries Rental income Interest income Prepaid insurance as at 1 Nov 2018 Accrued wages and salaries as at 1 Nov 2018 Accrued rental income as at 1 Nov 2018 9,900 6,000 1,500 2,000 1,800 The following adjustment were to be made on 31 October 2019: a) RM1,800 of wages and salaries was not paid b) Prepaid insurance amounted to RM1,000 c) RM500 of the interest income was not received d) RM900 of the rent income was for November 2019 e) Water and electricity bills for RM800 were not paid.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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